IPG Photonics is a manufacturer of high-power fiber lasers, fiber amplifiers, hybrid fiber/solid-state lasers and diode lasers for use in a wide range of markets including materials processing, advanced technologies, telecommunications & medical applications. The Company manufactures fiber lasers operating at 0.5 – 5 microns. IPG’s 1um and 1.5um fiber lasers and amplifiers are particularly popular in single-frequency and linearly-polarized variants; providing products having the best available combination of performance, reliability, and price. IPG's newly developed 2-5 microns mid-IR lasers offer cost-effective solutions for sensing, spectroscopy, material processing & medical applications. 

Type
Public
HQ
Oxford, US
Founded
1990
Size (employees)
4,230 (est)
IPG Photonics was founded in 1990 and is headquartered in Oxford, US
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Key People/Management at IPG Photonics

Valentin Gapontsev

Valentin Gapontsev

Chief Executive Officer and Chairman of the Board
Eugene Scherbakov

Eugene Scherbakov

Chief Operating Officer, Managing Director of IPG Laser GmbH, Senior Vice President, Europe and Director
Timothy Mammen

Timothy Mammen

Chief Financial Officer and Senior Vice President
Igor Samartsev

Igor Samartsev

Chief Technology Officer of IPG, Deputy General Manager of NTO IRE-Polus and Director
Angelo Lopresti

Angelo Lopresti

General Counsel, Secretary and Senior Vice President
Alexander Ovtchinnikov

Alexander Ovtchinnikov

Senior Vice President, Components
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IPG Photonics Office Locations

IPG Photonics has offices in Singapore, Oxford, Moskva, Bristol and in 16 other locations
Oxford, US (HQ)
50 Old Webster Rd
Birmingham, US
l108 1500 1st Ave N
Manchester, US
220 Hackett Hill Rd
Mountain View, US
a 110 Pioneer Way
Novi, US
46695 Magellan Dr
Santa Clara, US
103 3930 Freedom Cir
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IPG Photonics Financials and Metrics

IPG Photonics Financials

IPG Photonics's revenue was reported to be $1.41 b in FY, 2017
USD

Revenue (Q1, 2018)

359.9 m

Gross profit (Q1, 2018)

203.4 m

Gross profit margin (Q1, 2018), %

56.5%

Net income (Q1, 2018)

106.3 m

EBIT (Q1, 2018)

141.1 m

Market capitalization (22-Jun-2018)

12.6 b

Closing share price (22-Jun-2018)

234.3

Cash (31-Mar-2018)

969.1 m

EV

11.7 b
IPG Photonics's current market capitalization is $12.6 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

769.8 m901.3 m1 b1.4 b

Revenue growth, %

19%17%12%

Cost of goods sold

409.4 m453.9 m612 m

Gross profit

491.9 m552.2 m796.9 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Revenue

235.1 m243.5 m207.2 m252.8 m266 m285.8 m369.4 m359.9 m

Cost of goods sold

106.4 m110.2 m92.8 m115.1 m121.2 m128.6 m163.1 m156.5 m

Gross profit

128.7 m133.3 m114.4 m137.7 m144.8 m157.3 m206.3 m203.4 m

Gross profit Margin, %

55%55%55%54%54%55%56%57%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

448.8 m522.2 m582.5 m623.9 m909.9 m

Accounts Receivable

103.8 m143.1 m150.5 m155.9 m237.3 m

Inventories

172.7 m171 m203.7 m239 m307.7 m

Current Assets

786.3 m893.8 m1.1 b1.3 b1.8 b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Cash

398.4 m480.6 m483.4 m487.5 m541.5 m571.5 m651.2 m613.7 m587.3 m645.6 m697.8 m808.1 m969.1 m

Accounts Receivable

120.6 m107.6 m124.1 m136.6 m149.8 m169.8 m154.8 m146.5 m151.5 m162.7 m180.2 m237.3 m235.5 m

Inventories

171.3 m170.6 m178.9 m179.5 m174.1 m190.8 m197.6 m226.9 m241.3 m242.4 m261.9 m260.7 m356.4 m

Current Assets

749.2 m825.1 m854.1 m863.3 m931 m1 b1.1 b1.2 b1.2 b1.3 b1.4 b1.5 b1.9 b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

155.8 m200.4 m242 m260.7 m347.6 m

Depreciation and Amortization

31.5 m35.6 m42.4 m51.5 m64.6 m

Inventories

(50 m)(42 m)(71 m)(53.6 m)(71.1 m)

Accounts Payable

974 k3.3 m9.8 m(407 k)2.3 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Net Income

119.2 m40.5 m88.8 m144 m57.3 m118.6 m181.3 m49.3 m116.4 m185.6 m74.9 m179 m106.3 m

Depreciation and Amortization

23.4 m8.1 m17.1 m26.4 m9.7 m20.2 m31.1 m11.4 m23.7 m37.6 m14.5 m29.7 m19.2 m

Inventories

(43.7 m)(3.9 m)(15 m)(30.2 m)(13.9 m)(33.2 m)(52.2 m)(19.4 m)(34.7 m)(42.8 m)(22.4 m)(25.8 m)(49.7 m)

Accounts Payable

(2 m)516 k(2.7 m)1.3 m(1.2 m)4.4 m4.5 m(6.7 m)(8.4 m)(9.8 m)(1.6 m)1.9 m1.1 m
USDY, 2018

EV/EBIT

82.6 x

EV/CFO

117 x
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IPG Photonics Operating Metrics

IPG Photonics's Patent Applications was reported to be 380 in FY, 2016. IPG Photonics's Backlog was reported to be $413.9m in FY, 2016.
FY, 2014FY, 2015FY, 2016

Backlog

$321 m$442.50 m$413.90 m

Countries

14 15 16

Patent Applications

260 320 380

Patents Issued

170 200 240
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IPG Photonics Revenue Breakdown

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IPG Photonics revenue breakdown by business segment: 93.6% from Materials Processing and 6.4% from Other

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IPG Photonics Online and Social Media Presence

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IPG Photonics News and Updates

Laser Welding Machine Market 2018-2023 Ongoing Trend | Growing at Remarkable CAGR of 5% with Emerson Electric Company, IPG Photonics, O.R. Lasertechnologie, TRUMPF Group

Global Laser welding machine market Information by Technology (Fiber Laser Welding Machine, Co₂ Laser Welding Machine and Solid-State Laser Welding Machine), By Application (Medical, Electronics, Jewelry industry, Automotive, Tool and mold-making and Others) And Region - Forecast To 2023 Posted via …

GGC sells ILT to IPG Photonics Corp for $40 ml

Generation Growth Capital has sold Innovative Laser Technologies Inc to IPG Photonics Corporation for $40 million in cash. Imperial Capital provided financial advice to ILT on the transaction. Based in Minneapolis, ILT is a maker of of laser-based systems used to produce components mostly for the me…
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